Teacher Retirement System of Texas Reduces Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Teacher Retirement System of Texas reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,487 shares of the company’s stock after selling 26,587 shares during the period. Teacher Retirement System of Texas’ holdings in Kraft Heinz were worth $1,643,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its holdings in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after buying an additional 366 shares in the last quarter. Winch Advisory Services LLC increased its stake in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after buying an additional 380 shares in the last quarter. Cohen Investment Advisors LLC raised its holdings in Kraft Heinz by 5.0% during the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after acquiring an additional 487 shares during the period. Finally, LMG Wealth Partners LLC lifted its position in shares of Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock valued at $1,137,000 after acquiring an additional 498 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday, February 13th. Finally, Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.73.

Kraft Heinz Stock Up 1.3 %

NASDAQ KHC opened at $30.07 on Friday. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The firm has a market capitalization of $35.93 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.39 and a beta of 0.40. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $29.97 and a two-hundred day moving average of $31.78.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.32%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.